According to people familiar with the matter who told Bloomberg News, Deutsche Bank AG’s asset management arm is in talks to invest in two German cryptocurrency firms as part of efforts to revive growth. DWS Group, led by Chief Executive Officer Stefan Hoops, has held talks about acquiring a minority stake in Deutsche Digital Assets, a Frankfurt-based provider of crypto exchange-traded products, according to people who declined to be identified because the discussions were private. Tradias, a market-making firm owned by Bankhaus Scheich, is another potential target, they said. According to the sources, the asset manager has also discussed potential collaboration with Galaxy Digital, the firm run by Mike Novogratz.
